The positive news of the Federal Reserve suspending interest rate hikes last night brought a wave of upward momentum to the market, as if igniting a spark of hope, with many currencies showing impressive gains. However, we cannot hastily assume that a bull market has arrived just because of this brief rise, nor can we easily assert that it is still in a bear market just because of this brief decline
The positive news of the Federal Reserve suspending interest rate hikes last night brought a wave of upward momentum to the market, as if igniting a spark of hope, with many currencies showing impressive gains. However, we cannot hastily assume that a bull market has arrived just because of this brief rise, nor can we easily assert that it is still in a bear market just because of this brief decline. The conclusion of the transaction requires us to conduct comprehensive analysis, be cautious, rigorous, and well founded. Everyone's experiences, experiences, and perceptions are different, so we need to be more cautious. For those who dare to fight, their hearts are filled with greedy emotions. Once this emotion grows, no one can persuade them, and only the market is the best teacher.
Yesterday, BTC broke through the symmetrical triangle and broke through the previous height. Firstly, the magnitude of the previous high is not significant, indicating that market confidence has not fully recovered. Secondly, the quantity of energy at the time of breaking the previous high did not exceed the quantity of energy at the previous high, which is a lack of market enthusiasm for the rise.
In addition, we see increasing pressure above, like a dark cloud enveloping the market. Although BTC has broken through its previous high, this is mainly due to the market's reaction to the news of the Federal Reserve suspending interest rate hikes. However, we must understand that the news side can only affect the short-term trend of the market, and cannot change the long-term overall situation.
Therefore, we need to be highly vigilant about these factors. At this moment, we still cannot take it lightly. If the market predicts that the Federal Reserve will not raise interest rates on November 2nd, then the market may start to rise. However, I believe that the recent market has already reacted to this news, and when the news truly hits the ground, all the good news is bad.
In this market, the main players are often able to detect and analyze various information in advance, and layout before the benefits are realized. Retail investors, on the other hand, often take action only after the positive news hits the ground, which leads to them often not being able to keep up with the market's pace and blindly pursuing gains and losses.
We need to lurk in the market for a long time, silently waiting for opportunities to arrive. Once the opportunity arises, we must act quickly and hit the target with one strike. The timing is crucial now, and if we make a mistake, it may bring irreparable consequences. Therefore, we must act cautiously and maintain a high level of vigilance.
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